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FINANCIAL NEWS
Cisco stock gains on earnings beat and robust quarterly forecast

Shares of Cisco, the biggest maker of machines running computer networks and the internet, rose about 5% in extended trading Wednesday after reporting fiscal first-quarter results that beat analysts' estimates.

Nvidia beat earnings estimates on strong data centre demand

Chip designer and computing firm Nvidia assured investors on Wednesday that demand for its artificial intelligence and data-center chips remains strong, even as the company continues to struggle with a slowdown in the personal-computers market.

Walmart lifts its profit forecast as grocery demand boost sales

Walmart's stock surged on Tuesday after the world's largest retailer by sales reported quarterly earnings that smashed expectations, indicating demand for groceries holds up despite higher prices.

Roblox spooks investors in latest earnings miss

It's been a challenging week for Roblox, with its stock plunging more than 20% Wednesday after the online video game company reported a larger-than-expected loss for the third quarter.

Beyond Meat reports weak sales and expects continued demand slowdown

On Wednesday, Beyond Meat Inc. reported tumbling sales and growing losses as rising freight and raw material costs eat into its margins.

Disney shares plunge following weak quarterly results, plans to cut costs

After Walt Disney Co. reported weaker-than-expected fourth-quarter earnings Tuesday and wiped out about $15 billion in market value, the company said it plans to cut marketing and content budgets.

Activision reports strong earnings, remains optimistic about Microsoft deal

While Activision Blizzard posted stronger-than-expected third-quarter earnings Monday, all eyes were on the video game publisher's all-cash deal to be acquired by Microsoft for $69 billion.

PayPal beats revenue expectations in latest earnings, reaches deal with Apple

Following the results of its third-quarter earnings report Thursday, shares in PayPal Holdings Inc. were down as much as 13% in aftermarket trading despite beating earnings and revenue expectations.

Qualcomm provides disappointing guidance sending shares down sharply

Shares of the world's biggest maker of smartphone processors, Qualcomm Inc., fell sharply in after-hours trading on Wednesday after giving far weaker guidance than expected.

Airbnb shares fall on weak quarterly guidance and despite earnings beat

On Tuesday, Airbnb shares fell after the company gave a fourth-quarter revenue forecast below market estimates, suggesting that consumer preferences are moving away from higher-cost rentals and back to urban and cross-border destinations.

Meta plunges on weak quarterly forecast and its bets on the metaverse

On Wednesday, Meta Platforms, formerly known as Facebook, gave a weak fourth-quarter forecast below analysts' estimates and a significant rise in cost next year, sending shares down nearly 20%.

Netflix snaps back at subscribers growth, adding 2.41 million viewers

After significant losses in its previous quarters, streaming giant Netflix snapped back to subscriber growth in the third quarter, giving the company a jump as it works to execute its latest strategic shift.

UPS beats earnings estimates and affirms full-year outlook in Q3 results

Shipping giant United Parcel Services reported third-quarter earnings on Tuesday that came in better than expected as higher delivery prices offset softening e-commerce demand.

BP posts stellar quarterly results and declares further buybacks

Significantly outperforming expectations, BP posted its second-highest quarterly profit on Tuesday and declared a further quarterly share buyback of $2.5 billion after repurchasing $7.6 billion so far this year.

Spotify boost subscriber growth, shares plunge on margin warning

Though Spotify Technology SA on Tuesday said third-quarter profit margins might narrow because of programming costs, the music-streaming giant posted a better-than-expected rise in revenue and users despite market headwinds.

Snap plunges over 26% on weak sales growth and quarterly revenue miss

Shares of Snap plunged over 26% in after-hours trading Thursday after posting a further slowdown in sales growth and signaling the digital-ad market could remain lackluster for some time in a disappointing third-quarter report.

Tech stocks weigh on US futures after disappointing quarterly results

US equity futures fell after post-market slumps in mega-cap technology shares dampened the mood of a three-day rally on Wall Street and raised new doubts about whether this year's $5.5 trillion selloff is nearing the bottom.

Verizon stumbles on subscriber growth amid higher prices

On Friday, Verizon Communications Inc. reported it lost 189,000 monthly bill-paying phone subscribers in its consumer business and added fewer-than-expected wireless subscribers in the third quarter.

Tesla cuts 2022 delivery targets, downplays weakening vehicle demand

After the bell Wednesday, Tesla reported its highly-anticipated third-quarter earnings, in which the company addressed a broad range of questions, including Chief Executive Elon Musk's pending Twitter takeover.

United Airlines gains on profit forecast as strong travel demand continues

With consumer appetite for travel showing no signs of slowing down despite a run-up in ticket prices, United Airlines said Tuesday it expects its operating profit margin to surpass pre-pandemic levels in the final quarter of 2022.

PepsiCo shares climb on resilient demand despite fresh price increases

PepsiCo on Wednesday got a lift from an upbeat sales outlook and profit on the back of fresh price increases for its sodas and snacks to fight rising costs while signaling resilient demand.

Denbury shares climb on talks of Exxon Mobil takeover, Bloomberg

Shares of Denbury soared to an all-time intraday high, climbing as much as 12% on Monday after Bloomberg reported Exxon Mobil was considering a takeover of the oil-recovery specialist.

Nike shares pushed lower by high inventory levels ahead of holiday season

Nike on Thursday said after two years of not having enough inventory, the athletic apparel company now has too much and taking aggressive steps to lower them.

Costco remains a haven for consumers, beating estimates in latest earnings report

In its most recent quarter, Costco Wholesale Corp. posted higher sales, with revenues rising 15% to $72.09 billion, the latest indication that the warehouse retailer remains a haven for consumers dealing with ongoing inflation.

FedEx announces unpleasant quarterly results, shares drop most in 40 years

Last week, FedEx surprised investors by announcing its quarterly results sooner than expected, which quickly turned out to be unpleasant. The shipping giant withdrew its full-year guidance and warned its fiscal first quarter would come in well below expectation.

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